Business · Succession
Leaving the business on your terms
Succession takes years, not months. The earlier the structure is set, the more options remain open — for you, your family and the people who stay behind.
How a succession conversation progresses
- Step 1
Define the outcome
Who you want to own it, when you want to be out, and what you need financially.
- Step 2
Assess readiness
The business, the successor and your personal plan each need to be ready.
- Step 3
Structure the transition
Valuation, financing, insurance and the legal documents, coordinated with your professionals.
- Step 4
Execute and review
Transitions rarely go exactly to plan. Regular review keeps the strategy current.
Frequently overlooked
Family fairness
Balancing children who are in the business against those who are not.
Your income after exit
Whether the proceeds actually fund the retirement you have in mind.
Interim risk
What happens if something occurs before the transition is complete.
Start succession planning early
Even a preliminary conversation clarifies the timeline and what needs to happen first.
Succession transactions require legal and tax advice specific to your circumstances. Investco Financial advises on the planning, insurance and wealth components.